Multiple Choice
Western Exports stock has a standard deviation of 15.6 percent and a covariance with the market of .0124. The market has a standard deviation of 13.7 percent. What is the correlation of this stock with the market?
A) .58
B) .61
C) .68
D) .72
E) .77
Correct Answer:
Verified
Correct Answer:
Verified
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